Barrington Research Reaffirms “Outperform” Rating for H&R Block (NYSE:HRB)

Barrington Research reissued their outperform rating on shares of H&R Block (NYSE:HRB) in a report issued on Monday,Benzinga reports. The brokerage currently has a $70.00 price objective on the stock.

H&R Block Stock Performance

Shares of NYSE:HRB opened at $54.38 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The company has a 50-day moving average price of $55.39 and a 200-day moving average price of $58.78. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. H&R Block has a 12 month low of $42.28 and a 12 month high of $68.45.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The business had revenue of $193.81 million for the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period in the previous year, the company earned ($1.05) EPS. As a group, equities analysts anticipate that H&R Block will post 5.27 EPS for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were given a $0.375 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.76%. H&R Block’s dividend payout ratio is currently 36.59%.

Institutional Investors Weigh In On H&R Block

A number of large investors have recently made changes to their positions in HRB. Eastern Bank bought a new stake in shares of H&R Block in the 3rd quarter worth approximately $25,000. Endeavor Private Wealth Inc. bought a new stake in shares of H&R Block during the fourth quarter valued at approximately $27,000. Spire Wealth Management bought a new stake in shares of H&R Block during the fourth quarter valued at approximately $28,000. Bogart Wealth LLC boosted its position in shares of H&R Block by 606.1% during the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of H&R Block during the third quarter valued at approximately $34,000. 90.14% of the stock is currently owned by institutional investors.

About H&R Block

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.